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Forex Technical & Fundamental Analysis Recap

Discussion in 'Forex Daily News & Outlook' started by forextrends24, Jul 9, 2009.

  1. forextrends24

    forextrends24 New Member

    Mar 27, 2009
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    Today’s sample of Forex Analysis from ForexHound.com

    While some traders were distracted by the G-8 meeting and the possibility the BRIC nations will propose a plan to make central banks less dependent on the U.S. Dollar as the world’s reserve currency, other traders focused on why they should be long the Dollar at this time. These traders live in the now and are not distracted by future plans.

    As long as equity markets remain under pressure, look for trader’s to be averse to risk. This should help support the Dollar against most Forex majors. Investors do not seem to care about the Treasury issuing more debt, about inflation or about the Dollar losing its status as the world’s reserve currency.

    What traders want today is safety and security. No matter how much the Dollar gets bashed in the press by the People’s Bank of China and the Russian government. Global investors are showing that during times of economic uncertainty, they know they always have the Dollar to which to turn.

    Read full article at ForexHound.com as well as Forex Analysis, Forex Education and exclusive timely market Gann Analysis

    Disclaimer: Trading foreign exchange on the margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore should not invest money that you cannot afford to lose.

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